Parallel's rail cars do not need a locomotive — they are individually powered. Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series ...
Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...
Following Federal Railroad Administration (FRA) approval in April and launch of Phase 1 in June, Parallel Systems, in partnership with Genesee & Wyoming (G&W), has transitioned to Phase 2 of its first ...
Matt Soule, the co-founder and CEO of Parallel Systems, worked at SpaceX for 13 years and left in July 2019. Moving freight by rail takes far less energy than moving the same freight by long haul ...
The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and ...
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